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Chapters
2: Joint Stock Company
3: Formation of a company
4: Documents related to formation of a company
▶ 5: Members of a company
6: Directors and Key Managerial personnel of a company
7: Company Meetings - 1
8: Company Meetings - 2
9: Business Communication Skills of Secretary
10: Correspondence with Directors
11: Correspondence with Banks
12: Correspondence with Statutory Authorities
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Solutions for Chapter 5: Members of a company
Below listed, you can find solutions for Chapter 5 of Maharashtra State Board Balbharati for Secretarial Practice [English] 11 Standard Maharashtra State Board.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.1 [Pages 73 - 75]
Select the correct answer from the options given below and rewrite the statement:
________ is a person whose name is entered in the Register of Members.
Member
Creditors
Registrar
Select the correct answer from the options given below and rewrite the statement:
A person can be called as a Member when the name is entered in ________
Register of charges
Register of Members
List of Members
Select the correct answer from the options given below and rewrite the statement:
A _______ cannot be a member of a company.
Foreigner
Woman
Minor
Select the correct answer from the options given below and rewrite the statement:
When a person buys shares of a company by filling up an application form, the person becomes a member by _________.
Application and allotment of shares
Subscribing to Memorandum
transmission of Shares
Select the correct answer from the options given below and rewrite the statement:
____________ means a person ceases being a member of the company of membership.
Termination of Membership
Acquisition of Membership
Subscription to Membership
Select the correct answer from the options given below and rewrite the statement:
A member has the right to participate in General Meetings means, he has a right to ________
Receive dividends
receive notice and agenda of a meeting
to transfer his shares
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Insane person | 1) Transfer of shares by operation of law |
| b) Foreigner | 2) Cannot be a member |
| c) Transmission of shares | 3) Cessation of membership |
| d) Surrender of shares | 4) To get copies of Auditor’s, Directors’ Report, etc. |
| e) Right of Members | 5) Can be a Member |
| 6) To attend a board meeting | |
| 7) Duties of member | |
| 8) Surrendering all assets to the company | |
| 9) Demand or claim money from the company | |
| 10) Transfer of shares by order of Secretary |
Write a word or a term or a phrase which can substitute the following statement:
End of membership of a person.
Write a word or a term or a phrase which can substitute the following statement:
A person whose name is entered in Register of Members.
Write a word or a term or a phrase which can substitute the following statement:
Book in which names of all members are entered.
Write a word or a term or a phrase which can substitute the following statement:
Becoming a member of a company.
Write a word or a term or a phrase which can substitute the following statement:
The subscribers of this document are considered as Members of the company.
State whether the following statement is True or False:
Buying shares is the most common way to become a Member of the company.
True
False
State whether the following statement is True or False:
Both, individuals and body corporate can be members of the company.
True
False
State whether the following statement is True or False:
Legal competency to enter into contracts is one of the criteria to become a member of the company.
True
False
State whether the following statement is True or False:
Limited Liability Partnership cannot be a member of the company
True
False
State whether the following statement is True or False:
Karta of HUF can be a member of the company.
True
False
State whether the following statement is True or False:
Member of the company is conferred with several rights.
True
False
State whether the following statement is True or False:
Member is entitled to profits of the company when a dividend is declared.
True
False
State whether the following statement is True or False:
Members of the company can attend general and Board meetings of the company.
True
False
State whether the following statement is True or False:
The right to appoint Director is given to Members.
True
False
State whether the following statement is True or False:
Minor can be the member of the company
True
False
Find the odd one:
Subscribing to Memorandum
Forfeiture of shares
Application and allotment of shares
Find the odd one:
Death or insolvency of member
Application and allotment of shares
surrender of shares
Complete the sentence:
A person whose name is entered in the Register of Members of a company is called __________
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
Complete the sentence:
Members have a right to appoint and remove the __________
Select the correct option form the bracket.
| Group A | Group B |
| Minor | ___________ |
Partnership firm
Cannot become a member of a company
Can become member of a company
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
Partnership firm
Cannot become a member of a company
Can become member of a company
Select the correct option form the bracket.
| Group A | Group B |
| ___________ | Can hold shares in the name of partners |
Partnership firm
Cannot become a member of a company
Can become member of a company
Answer in one sentence:
Which individuals cannot become a member of a company?
Answer in one sentence:
What is the common way of becoming a member of a company?
Correct the underlined word and rewrite the following sentence:
A Minor can be a member of a company.
Correct the underlined word and rewrite the following sentence:
Partnership Firm can be a member of a company.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.2 [Page 75]
Explain the following Term/Concept.
Member
Explain the following Term/Concept.
Transmission of Shares
Explain the following Term/Concept.
Cessation of Membership
Explain the following Term/Concept.
Acquisition of Membership
Explain the following Term/Concept.
Eligibility of Membership
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.3 [Page 75]
Study the following case/situation and express your opinion.
Mrs. & Mr. A works in a Bank. They have a daughter named Ms. 2 who is 11 years old:
(a) Can Mrs. &Mr. A invests in shares of the company? (b) Can they buy shares in the name of their daughter Ms. Z?
(c) Justify your answer in (a) & (b) in one sentence only.
Study the following case/situation and express your opinion.
M/s. ABC is a partnership firm owned by Dr. A. Dr. B and Dr. C. The doctors want to invest the profits of ABC in the shares of a company:
(a) Can M/s ABC buy the shares of the company?
(b) Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or. Dr. C?
(c) Are the doctors eligible to invest in shares of the company?
Study the following case/situation and express your opinion.
ZEN Limited has some investible in profits. Please guide ZEN Limited with respect to the following:
(a)Can ZEN Limited invest in the share of itself?
(b)Can ZEN Limited invest in the Shares of TEN Limited?
(c) Justify your answers in (a) & (b) in one sentence only.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.4 [Page 75]
Answer in brief:
State any four ways of acquiring membership of a company.
Answer in brief:
State any four ways of cessation membership of a company.
Answer in brief:
State the rights of members with regard to participation in general meetings.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.5 [Page 75]
Justify the following statement.
Member and Shareholder are interchangeable terms.
Justify the following statement.
A Foreigner can invest in shares of an Indian company.
Justify the following statement.
Insolvent person ceases to be the Member of the company.
Justify the following statement.
Co-operative Society is eligible to be a member of the company.
Justify the following statement.
Subscribers to Memorandum of Association are the first members of the company.
Justify the following statement.
Nominee of the member of OPC becomes its member of the death of the member.
Justify the following statement.
Members of company are entitled to several rights.
Justify the following statement.
Members of the company have some fundamental corporate decision-making rights.
Justify the following statement.
Transfer of shares results in termination of membership.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 5 Members of a company Exercise Q.6 [Page 75]
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
Answer the following question:
Explain the eligibility of memberships of a company.
Answer the following question:
Explain different ways to acquire membership of company briefly.
Answer the following question:
Explain how a membership of company terminates.
Answer the following question:
Explain Rights of a Member of company.
Solutions for 5: Members of a company
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 5 - Members of a company
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Concepts covered in Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 5 Members of a company are Members of a Company, Eligibility of Membership, Acquisition of Membership, Cessation/Termination of Membership, Rights, Duties and Liabilities of a Member.
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